Cameco Corp. (CCJ) Reaches New 12-Month Low at $9.17
Shares of Cameco Corp. (NYSE:CCJ) hit a new 52-week low during trading on Monday . The company traded as low as $9.17 and last traded at $9.23, with a volume of 1,751,273 shares traded. The stock had previously closed at $9.56.
A number of analysts have recently commented on CCJ shares. RBC Capital Markets reissued an “outperform” rating and issued a $17.00 price target (down from $20.00) on shares of Cameco Corp. in a research report on Tuesday, July 26th. Scotiabank reaffirmed a “sector perform” rating and issued a $16.50 price objective (down from $17.50) on shares of Cameco Corp. in a research report on Tuesday, April 26th. Zacks Investment Research cut Cameco Corp. from a “hold” rating to a “sell” rating in a research report on Monday, June 6th. Vetr cut Cameco Corp. from a “strong-buy” rating to a “buy” rating and set a $14.58 price objective on the stock. in a research report on Friday, April 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Cameco Corp. in a research report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $17.18.
The stock’s market cap is $3.74 billion. The firm’s 50-day moving average is $10.64 and its 200-day moving average is $11.71.
Cameco Corp. (NYSE:CCJ) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.30. During the same quarter last year, the firm posted $0.12 earnings per share. The company had revenue of $466 million for the quarter, compared to the consensus estimate of $568.78 million. The firm’s revenue for the quarter was down 17.5% compared to the same quarter last year. Equities analysts predict that Cameco Corp. will post $0.77 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a dividend of $0.0757 per share. This represents a $0.30 annualized dividend and a yield of 3.20%. The ex-dividend date is Wednesday, September 28th.
A number of institutional investors have modified their holdings of the stock. Wells Fargo & Company MN raised its position in shares of Cameco Corp. by 9.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,051,889 shares of the company’s stock valued at $12,970,000 after buying an additional 86,770 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Cameco Corp. by 108.7% in the fourth quarter. Schroder Investment Management Group now owns 491,100 shares of the company’s stock valued at $8,383,000 after buying an additional 255,800 shares during the last quarter. Finally, I.G. Investment Management LTD. raised its position in shares of Cameco Corp. by 9.5% in the fourth quarter. I.G. Investment Management LTD. now owns 871,725 shares of the company’s stock valued at $10,760,000 after buying an additional 75,950 shares during the last quarter.
Cameco Corporation (Cameco) is a uranium producer. The Company is engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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